Market Dynamics: Latin America Agrochemicals Market

Agrochemicals enhances the crop productivity and protect the crops from insects, pests, fungi, weeds, and others. Agrochemicals can be prepared by either chemical or biological methods. Rise in demand for the food products with better yield and quality, increase in the agriculture farming in Brazil and Mexico, expansion of business by the companies into Latin America region, and government support for the agriculture production are expected to boost the Latin America agrochemicals market. However, stringent regulatory guidelines for product approvals, high cost of agrochemicals, availability of natural fertilizers, and lack of awareness about crop diseases are restrain the growth of Latin America agrochemicals market.

Based on the product type, the market is segmented into the following:

Fertilizers

Pesticides

Herbicides

Insecticides

Fungicides

Others

Based on technology, the market is segmented into the following:

Synthetic

Biological

Based on the crop type, the market is segmented into the following:

Cereals and Grains

Oilseeds and Pulses

Fruits and Vegetables

Forage Crops and Pastures

Others

Based on the formulation, the market is segmented into the following:

Powder

Granular

Liquid

Based on the application, the market is segmented into the following:

Seed Treatment

Soil Treatment

Post-Harvest

Foliar Spray

Based on the country, the market is segmented into the following:

Brazil

Mexico

Argentina

Venezuela

Rest of Latin America

Country Analysis: Agrochemicals Market

Latin America agrochemicals market is segmented into Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America. Brazil agrochemicals market is growing due to increase in the agricultural production, fluctuations in the environment, and adoption of newer agrochemicals are propel the market. Mexico agrochemicals market has a lucrative growth owing to government support for the agriculture, rise in awareness about the agrochemicals, and rise in agricultural produce due to increase in population are fuel the market. Argentina agrochemicals market is exhibiting prominent growth, which is attributed to expansion of business by the companies, launching of newer products into the market, increase in prevalence of crop diseases are bolster the market.

Competition Assessment: Latin America Agrochemicals Market

Some of the players in the Latin America agrochemicals market include:

Monsanto Company (U.S.)

BASF SE (Germany)

The Dow Chemical Company (U.S.)

Bayer CropScience AG (Germany)

I. DuPont De Nemours & Company (U.S.)

Syngenta AG (Switzerland)

Marrone Bio Innovations Inc. (U.S.)

Cargill Inc. (U.S.)

Archer Daniels Midland Company (U.S.)

FMC Corporation (U.S.)

Notable Market Developments: Latin America Agrochemicals Market

In May 2017, Syngenta AG launched Adepidyn, a fungicide used to treat the major crop diseases such as Botrytis, Sclerotinia, Fusarium, and Corynespora in Argentina and Uruguay.

The report covers in-detail insights about the competitor’s overview, company share analysis, key marketdevelopments, and their key strategies

The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market

The report tracks recent innovations, key developments and startup’s details that are actively working in the market

The report provides plethora of information about market entry strategies and regulatory framework

The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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